Rental inflation has slowed, which will be welcome news to renters. But there are still 12 people chasing every home for rent.
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Rental inflation is slowing, with London and major cities leading the way. However, towns and rural areas are continuing to see rents rise. Find out what’s happening where you live in our Rental Market Report.
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The average rent for new lets in the UK is £1,226 after a +6.6% rise in the last year. Rents for new lets will rise more slowly this year, but only a major supply boost will help with rental affordability.
Looking for a rental home that doesn’t cost an arm and a leg? Here’s your complete guide to the cheapest places to rent in the UK in 2024.
The average UK rent is now £1,223 after a +7.8% rise in the last year. Rents for new lets will rise more slowly this year, but only a major supply boost will help with rental affordability.
There are signs that the UK rental market will turn in 2024. Rents are reaching the maximum affordable price and rental demand is starting to slow.
Rents continue to rise across the UK, as Scotland overtakes London with the steepest hikes in rental inflation.
